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Syncom Healthcare Limited IPO (Syncom Healthcare IPO) Detail

January 27, 2010 - January 29, 2010

Syncom Healthcare IPO is a book built issue of Rs 56.25 crores.

Syncom Healthcare IPO bidding started from January 27, 2010 and ended on January 29, 2010. The shares got listed on BSE, NSE on February 15, 2010.

Syncom Healthcare IPO price band is set at ₹65 to ₹75 per share. The minimum lot size for an application is 90 Shares. The minimum amount of investment required by retail investors is ₹6,750.

Chartered Capital And Investment Limited is the book running lead manager of the Syncom Healthcare IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Syncom Healthcare IPO RHP for detailed information.

Syncom Healthcare IPO Details

IPO Date January 27, 2010 to January 29, 2010
Listing Date February 15, 2010
Face Value ₹10 per share
Price Band ₹65 to ₹75 per share
Lot Size 90 Shares
Total Issue Size7,500,000 shares
(aggregating up to ₹56.25 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Syncom Healthcare IPO Reservation

Syncom Healthcare IPO offers 7,500,000 shares. 3,750,000 (50.00%) to QIB, 1,125,000 (15.00%) to NII, 2,625,000 (35.00%) to RII. 29,166 RIIs will receive minimum 90 shares and (sNII) and (bNII) will receive minimum 2,700 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered3,750,000 (50.00%)NA
NII (HNI) Shares Offered1,125,000 (15.00%)
Retail Shares Offered2,625,000 (35.00%)29,166
Total Shares Offered7,500,000 (100%)

Syncom Healthcare IPO Lot Size

Investors can bid for a minimum of 90 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 90 ₹6,750
Retail (Max) 29 2610 ₹195,750
Lot Size Calculator

About Syncom Healthcare Limited

Incorporated in 2002, Syncom Healthcare Ltd is a pharmaceutical company based in central India. Syncom is in the business of manufacturing, marketing & trading of pharmaceuticals formulations under its own brands of Ethical, OTC, Generic and Herbal market segment. Syncom have over 250 products available in various dosage forms including Tablets, Capsules, Liquids, Ointments, Eye/Ear Drops, Dry Syrup, Herbal Products, Protein Powder and External Preparations.

Apart from their own Marketing setup (OTC, Generics and Ethical Divisions), Syncom Healthcare is also a leading Contract Manufacturing company catering to various domestic and multinational companies. Syncom have a range of over 400 products and can develop customized products as per the needs of the customer and deliver the products at short notice. Syncom Healthcare manufacturing premises spans is over 1,25,000 sq.fts.

The proceeds of the issue are proposed to be utilized for its various expansion plan which include setting up of a new manufacturing unit at Indore SEZ for manufacturing various pharmaceutical formulations, undertaking various upgradation/modernization of manufacturing facilities at Dehradun plant and to set up an export office at Mumbai.

Company Financials

ParticularsFor the year/period ended (Rs. in Lacs)
31-Jul-09 31-Mar-0931-Mar-0831-Mar-0731-Mar-06
Total Income2067.806056.495495.283072.591933.35
Profit After Tax (PAT)160.19378.04366.52274.4824.37

Objects of the Issue (Syncom Healthcare IPO Objectives)

The objects of the Issue are:

1. To set up our new manufacturing unit at Indore SEZ for manufacturing of various pharmaceuticals formulations;
2. To undertake the upgradation/modernization of manufacturing facilities at Dehradun Plant;
3. To Meet Working Capital Requirements;
4. To set up an Export Office at Mumbai;
5. To undertake �Brand & Product Registration and Approval�;
6. To meet General Corporate Purpose; and
7. To meet Issue Expenses.


Syncom Healthcare IPO Subscription Status (Bidding Detail)

The Syncom Healthcare IPO is subscribed 5.17 times on January 29, 2010 5:00:00 PM. The public issue subscribed 6.25 times in the retail category, 0.99 times in the QIB category, and 16.60 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB0.99
NII16.60
Retail6.25
Total5.17

Syncom Healthcare Limited IPO Grading / Rating

CARE has assigned an IPO Grade 2 to Syncom Healthcare IPO. This means as per CARE, company has Below Average Fundamentals. CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CARE IPO Grading Document for Syncom Healthcare IPO.

Syncom Healthcare IPO Prospectus

Syncom Healthcare IPO Rating

64
3.4
Rating:Rated 3.4 stars
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Syncom Healthcare IPO Listing Details

Listing Date February 15, 2010
BSE Script Code 533157
NSE Symbol SYNCOM
ISIN INE602K01014
Final Issue Price ₹75 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹75.00
₹88.00
₹85.80
₹107.25
₹87.85
NSE
₹75.00
₹89.90
₹85.75
₹107.20
₹87.75

Check IPO Performance…

Syncom Healthcare Limited Contact Details

Syncom Healthcare Limited
221, Vyapar Bhawan,
P.D'Mello Road,
Mumbai - 400009
Phone: +91-22-23725193
Email: ipo@syncomhealthcare.com
Website: http://www.syncomhealthcare.com

Syncom Healthcare IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: syncom.ipo@intimespectrum.com
Website: https://linkintime.co.in/initial_offer/public-issues.html

Syncom Healthcare IPO - Buy or Not

Syncom Healthcare IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 1 1
Members 0 0 0

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Syncom Healthcare IPO FAQs

Syncom Healthcare IPO is a main-board IPO of 7,500,000 equity shares of the face value of ₹10 aggregating up to ₹56.25 Crores. The issue is priced at ₹65 to ₹75 per share. The minimum order quantity is 90 Shares.

The IPO opens on January 27, 2010, and closes on January 29, 2010.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Syncom Healthcare IPO opens on January 27, 2010 and closes on January 29, 2010.

Syncom Healthcare IPO lot size is 90 Shares, and the minimum amount required is ₹6,750.

You can apply in Syncom Healthcare IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Syncom Healthcare IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Syncom Healthcare IPO allotment status.

The Syncom Healthcare IPO listing date is on February 15, 2010.
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Syncom Healthcare IPO Message Board

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87 Comments

87. testkl |   Link |  Bookmark |March 2, 2010 9:49:25 AM
even after so many negative comments for syncom ,still the return is around 20 % as on date
86. Raju The Robber |   Link |  Bookmark |February 23, 2010 12:27:12 PM
To,
All the Investor's
who bought Syncom at high level ....
for them still chance to cut loss .......
otherwise 1 year target is 10-15 Rs.........
Yes My dear Ten to Fifteen Rs. only
85. anil |   Link |  Bookmark |February 22, 2010 12:03:16 PM
MERE PASS SYNCOM HELTH CARE KE SHARE HAI SO PLEASE INFOME ME ME AB KYA KARU SELL / HOLD THIS STOCK
84. Rama |   Link |  Bookmark |February 16, 2010 1:38:35 PM
Sell syncom....Sell..........Sell........
This will go the astec way... Rememeber the price of astec lifesciences is 58 at present..........

Book your profit immediately.......

Rama

Discl: I have not applied for syncom IPO.
83. HARDIK |   Link |  Bookmark |February 15, 2010 2:13:52 PM
HI, NEHA & IPO Q U E E N

conform news the thanks...

syncom ne best riturn diya thanks........
82. bhanu |   Link |  Bookmark |February 15, 2010 11:04:52 AM
RJ is into this counter
all the best
when he will dump is not known
take ur profit and run
81. neha |   Link |  Bookmark |February 15, 2010 10:33:29 AM
daer gemipo,same ..HNI.. is also involved.. inAQUA..ipo ..he is famous entity and u also know him by name..dear retail investor if u have been alloted shares in this both ipo,then book profit and forget it...good luck ...
80. Marketguru |   Link |  Bookmark |February 15, 2010 10:27:56 AM

Superb listing....
79. Rashmi |   Link |  Bookmark |February 15, 2010 10:14:43 AM
Hi All,

Heavy speculation.

More buyers in the Q than sellers.

Operators are involved.

Make hay while it lasts.

Fundamentals do not support this price.

But who cares??
78. ashwini |   Link |  Bookmark |February 15, 2010 10:11:26 AM
hi all,

Why are people getting personal??
Everyone is entitled to an opinion.
Whatever is written here is not the gospel truth.
Read the blogs and move on.
If you like something make use of it.
Otherwise discard it.

Why show your pedigree by using foul words.
Nobody knows how the stock market operates.
Profit making dividend paying companies languish while dud ones skyrocket.

Same with IPOs.

Which fly or which sink is lottery.

Keep applying to what appeals to you.
Some you win some you lose.
But that is the stock market game.

No need to post rubbish and fight with each other.
77. raja |   Link |  Bookmark |February 14, 2010 5:50:44 PM
syncom can't list above Rs.85/86 sell market rate on opening bell best of luck
76. Marketguru |   Link |  Bookmark |February 14, 2010 1:39:57 PM

Punters are involved.... this will blast on listing.....

do not sell... this may double your money....
75. akash |   Link |  Bookmark |February 14, 2010 12:49:28 PM
can i buy this share on monday only 4 short term please reply.
74. akash |   Link |  Bookmark |February 14, 2010 12:49:22 PM
can i buy this share on monday only 4 short term please reply.
73. ipo king |   Link |  Bookmark |February 14, 2010 11:53:13 AM
today's premium 13-15 to syncom healthcare.
72. SJP GLOBAL |   Link |  Bookmark |February 14, 2010 10:56:57 AM
SYNCOM HEALTHCARE IPO - LISTING ARROUND RS- 90 TO 95
71. neha |   Link |  Bookmark |February 13, 2010 9:02:55 PM
syncom share listing ke din zabardast chalega ,kyonki mumbai ke ek bade khiladi ke pas sub share hai..yeh khiladi ..HNI.. hai..mere bol yaad rakhna....
70. IPO QUEEN |   Link |  Bookmark |February 13, 2010 8:49:40 PM

Mr.HARDIK ,


I BELONG TO RAJKOT.


.
69. HARDIK |   Link |  Bookmark |February 13, 2010 8:11:52 PM
hi, IPO Q U E E N

KYA TUM AHMEDABAD SE HO?
68. neha |   Link |  Bookmark |February 13, 2010 5:19:18 PM
total average PE of pharma-formulation sector is 8.3 and PE of syncom is 23. so there is huge chance of its listing in discount, but as you all are said that it is operated by some ahmedabad based operator then any thing can happen(as you all know that fair value of dominozz pitzza is rs.165 but now it trade around 250) means any think can happen in indian stock market, all is game of big people, we small investor can do nothing